Wolfe Research Cuts Exxon Mobil (NYSE:XOM) Price Target to $153.00

Key Points

• Wolfe Research cut its price target on Exxon Mobil to $153 from $158 while maintaining an "outperform" rating, a target that implies about a 0.93% downside from the recent share price.
• Exxon shares fell 5.8% to $154.43 after the company said Middle East disruptions reduced Q1 production by ~6% and could cut Q1 upstream earnings by $300M–$500M; analysts remain mixed with an average target around $152.42 and a "Moderate Buy" consensus.

Exxon Mobil (NYSE:XOM - Get Free Report) had its price objective reduced by research analysts at Wolfe Research from $158.00 to $153.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the oil and gas company's stock. Wolfe Research's target price would suggest a potential downside of 0.93% from the stock's current price.

A number of other research analysts have also recently commented on the company. Scotiabank upgraded Exxon Mobil to a "strong-buy" rating in a research note on Friday, March 27th. Piper Sandler raised their target price on Exxon Mobil from $145.00 to $186.00 and gave the company an "overweight" rating in a research note on Thursday, March 12th. HSBC raised their target price on Exxon Mobil from $135.00 to $158.00 and gave the company a "hold" rating in a research note on Friday, March 20th. BNP Paribas Exane cut Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $125.00 target price for the company. in a research note on Tuesday, February 3rd. Finally, Citigroup raised their target price on Exxon Mobil from $150.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $152.42.

Exxon Mobil Trading Down 5.8%

NYSE XOM traded down $9.48 on Wednesday, hitting $154.43. The company's stock had a trading volume of 17,143,793 shares, compared to its average volume of 22,637,230. The firm has a market cap of $643.48 billion, a P/E ratio of 23.07, a PEG ratio of 1.11 and a beta of 0.29. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The company's 50-day simple moving average is $153.63 and its 200 day simple moving average is $130.76. Exxon Mobil has a 52-week low of $97.80 and a 52-week high of $176.41.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion during the quarter, compared to analysts' expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. Research analysts predict that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares in the company, valued at approximately $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 11,460 shares of company stock worth $1,687,854 in the last three months. 0.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XOM. Berbice Capital Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth $26,000. Midwest Capital Advisors LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Exxon Mobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after purchasing an additional 187 shares in the last quarter. Key Capital Management INC bought a new stake in shares of Exxon Mobil in the 4th quarter worth $28,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Key Stories Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Wolfe Research reiterated a Buy on Exxon, arguing reported accounting EPS noise masks improving core earnings and long‑term oil upside. Exxon Mobil: Accounting-Driven EPS Noise Masks Improving Core Earnings and Long‑Term Oil Upside
• Positive Sentiment: Erste Group raised FY2026 and FY2027 EPS estimates for Exxon, signaling some analysts see stronger earnings power longer term. Analyst Estimate Update (Marketbeat)
• Positive Sentiment: Exxon told investors higher oil and gas prices tied to the U.S.–Iran war could boost Q1 upstream earnings by up to $2.9B and support downstream margins in later quarters — a potential offset to the production loss. Exxon signals Q1 upstream profit bump from Iran war, downstream boost later quarters
• Positive Sentiment: Helium supply disruptions (Qatar) tighten markets; Exxon's LaBarge helium business is a strategic positive that could add non‑oil upside and was cited by analysts as a benefit. Helium Stocks Soar on Conflict and Chip Demand
• Neutral Sentiment: Reports of a U.S.–Iran two‑week ceasefire lifted futures pre‑market, which could reduce some oil risk premium if sustained — a mixed signal for majors (easing geopolitical risk but potentially lower near‑term oil prices). US-Iran Ceasefire, Potential Reopening of Hormuz Lift US Equity Futures Pre-Bell
• Negative Sentiment: Exxon's regulatory update said disruptions in Qatar and the UAE reduced Q1 global oil‑equivalent production by an estimated ~6% vs. Q4 2025, prompting investor concern about near‑term supply and revenue. ExxonMobil shares fall as Middle East production setbacks weigh on outlook
• Negative Sentiment: Company caution that Middle East disruptions could cut Q1 upstream earnings by $300M–$500M and energy products (downstream) by up to $300M likely triggered the sell‑off as traders focus on immediate earnings risk. Why Is Exxon Mobil Stock Falling Today?
• Negative Sentiment: Some outlets report larger downstream and asset damage estimates (claims of material hits to Qatar assets and broader Gulf operations), amplifying near‑term downside fears. Exxon Mobil (XOM) Stock Plunges 6% as Iran Conflict Slashes Gulf Operations

Exxon Mobil Company Profile

Exxon Mobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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